Life360 Reports Record Q1 2025 Results

Monthly Active Users Reached Approximately 83.7 million

Record Q1 Global Net Additions to Paying Circles of 137 thousand - Reaching 2.4 million Total

Total Quarterly Revenue Grew 32% Year-Over-Year to $103.6 million

Annualized Monthly Revenue increased 38% Year-Over-Year to $393.0 million

SAN FRANCISCO, May 12, 2025 (GLOBE NEWSWIRE) -- Life360, Inc. ("Life360" or the "Company") (NASDAQ: LIF, ASX: 360), the San Francisco-based leader in family safety and connection, today announced unaudited financial results for the first quarter ended March 31, 2025. Building on continuing momentum from prior quarters, the Company achieved record-breaking results across key metrics, including Monthly Active Users (MAUs), Paying Circles, Subscription Revenue, and Annualized Monthly Revenue.

"Life360 started 2025 strongly, achieving record highs in MAUs, subscribers, and Q1 net additions, while making meaningful progress against our strategic roadmap," said Life360 Co-founder and Chief Executive Officer Chris Hulls.

"In a more cautious consumer spending environment, our performance reflects both the resilience of our business model and the growing demand for our services that keep families safe, connected, and provide peace of mind. As a trusted daily essential for millions, we are uniquely positioned to support families through uncertain times--and beyond."

Life360 Chief Financial Officer Russell Burke added: "Life360 demonstrated continued strong growth and meaningful margin expansion in Q1, with total revenue of $103.6 million -- up 32% year-over-year -- while keeping total operating expense growth to 23% YoY, This operational discipline drove Net Income of $4.4 million, our tenth consecutive quarter of positive Adjusted EBITDA(1) , and our eighth consecutive quarter of positive Operating Cash Flow. Looking ahead, even as consumer financial pressures intensify, our core subscription business remains resilient and we have largely mitigated the impacts of an uncertain tariff environment, so that the anticipated overall impact is not material. We remain confident in our ability to continue delivering positive Adjusted EBITDA(1) throughout 2025. Our focus on balancing strong top-line growth with expanding profitability positions us well to succeed in increasingly demanding market conditions."

Q1'25 Financial Highlights

   -- Total Q1'25 revenue of $103.6 million, a YoY increase of 32%, with total 
      subscription revenue of $81.9 million, up 33% YoY and Core subscription 
      revenue2 of $76.2 million, up 37% YoY. 
 
   -- Annualized Monthly Revenue $(AMR)$ of $393.0 million, up 38% YoY. 
 
   -- Q1'25 Net Income of $4.4 million, which includes other income of 
      $2.0 million related to dividend and interest income and a benefit from 
      income tax3 of $0.2 million. 
 
   -- Adjusted EBITDA1 of $15.9 million compared to $4.3 million in Q1'24. 
 
   -- Positive Operating Cash Flow of $12.1 million, up 13% YoY. 
 
   -- Quarter-end cash, cash equivalents and restricted cash of $170.4 million, 
      an increase of $95.8 million from Q1'24, which was primarily the result 
      of net capital raised from the U.S. IPO in Q2'24. 

Note: The financial information in this announcement may not add or recalculate due to rounding. All references to $ are to U.S. dollars.

Q1'25 Operating Highlights

   -- Q1'25 global MAU net additions were 4.1 million, which picked up 
      seasonally after a softer Q4'24. Total MAUs increased 26% YoY to 
      approximately 83.7 million, with significant contribution from organic 
      growth. 
 
   -- Q1'25 global Paying Circle net additions of 137 thousand were up 43% YoY. 
      Total Paying Circles grew 26% YoY to 2.4 million, supported by improved 
      retention in the U.S. 
 
   -- Average Revenue Per Paying Circle ("ARPPC") increased 8% YoY primarily 
      due to U.S. price increases for new and existing subscribers and a shift 
      in product mix toward higher-priced offerings, along with legacy price 
      increases, the launch of Dual Tier memberships in non-Triple Tier 
      countries, and continued growth in Triple Tier memberships in the UK and 
      ANZ. 
 
 
(1)  Adjusted EBITDA is a Non-GAAP measure. For more information, 
     including the definition of Adjusted EBITDA, the use of this 
     non-GAAP measure, as well as a reconciliation of Net Income 
     (Loss) to Adjusted EBITDA, refer to the "Adjusted EBITDA" and 
     "Supplementary and Non-GAAP Financial Information" sections 
     below. 
 
(2)  Core subscription revenue is defined as subscription 
      revenue derived from the Life360 mobile application 
      and excludes non-core subscription revenue which relates 
      to other hardware related subscription offerings. 
      For more information, including the use of this measure, 
      refer to the "Core subscription revenue" section below. 
 
(3)  The provision for (benefit from) income taxes for 
      interim quarterly reporting periods is based on the 
      Company's estimates of the effective tax rates for 
      the full fiscal year in accordance with ASC 740-270, 
      Income Taxes, Interim Reporting. ASC 740-270-25-2 
      requires that an annual effective tax rate be determined 
      and such annual effective rate be applied to year 
      to date income (loss) in interim periods. The effective 
      tax rate in any quarter may be subject to fluctuations 
      during the year as new information is obtained, which 
      may positively or negatively affect the assumptions 
      used to estimate the annual effective tax rate, including 
      factors such as valuation allowances against deferred 
      tax assets, the recognition or de-recognition of tax 
      benefits related to uncertain tax position, if any, 
      and changes in or the interpretation of tax laws in 
      jurisdictions where the Company conducts business. 
 

Key Performance Indicators

 
(in millions, except ARPPC, ARPPS, ASP, 
and percentages)                           Q1 2025      Q1 2024      % YoY 
---------------------------------------  -----------  -----------  ------- 
Core(4) 
Monthly Active Users $(MAU.AU)$ - Global(5)          83.7         66.4   26% 
    U.S.                                        45.3         38.8   17% 
    International                               38.4         27.5   39% 
    ANZ                                          2.9          2.2   33% 
Paying Circles - Global(6)                       2.4          1.9   26% 
    U.S.                                         1.7          1.4   24% 
    International                                0.7          0.5   33% 
Average Revenue per Paying Circle 
 (ARPPC)(7,8)                            $    133.42  $    123.97    8% 
 
Life360 Consolidated 
Subscriptions(9)                                 3.0          2.5   19% 
Average Revenue per Paying Subscription 
 (ARPPS)(8,10)                           $    112.98  $    102.02   11% 
Net hardware units shipped(11)                   0.5          0.5   (8)% 
Average Selling Price $(ASP.AU)$(12,13)       $     16.99  $     16.50    3% 
Annualized Monthly Revenue (AMR)         $     393.0  $     284.7   38% 
 

Note: The financial information in this announcement may not add or recalculate due to rounding. All references to $ are to U.S. dollars.

 
 
(4)   Core metrics relate solely to the Life360 mobile application. 
 
(5)   A monthly active user ("MAU") is defined as a unique 
       member who engages with our Life360 branded services 
       each month, which includes both paying and non-paying 
       members, and excludes certain members who have a delayed 
       account setup. 
 
(6)   A Paying Circle is defined as a group of Life360 members 
       with a paying subscription that has been billed as 
       of the end of a period. 
 
(7)   ARPPC is defined as annualized subscription revenue 
       recognized and derived from the Life360 mobile application, 
       excluding certain revenue 
       adjustments related to bundled Life360 subscription 
       and hardware offerings, for the reported period divided 
       by the Average Paying Circles during the 
       same period. 
 
(8)   Excludes revenue related to bundled Life360 subscription 
       and hardware offerings of $(0.4) million and $(1.2) 
       million for the three months ended March 31, 2025 
       and the three months ended March 31, 2024, respectively. 
 
(9)   Subscriptions are defined as the number of paying 
       subscribers associated with the Life360, Jiobit and 
       Tile brands who have been billed as of the end of 
       the period. 
 
(10)  ARPPS is defined as annualized total subscription 
       revenue recognized and derived from Life360, Tile 
       and Jiobit subscriptions, excluding certain 
       revenue adjustments related to bundled Life360 subscription 
       and hardware offerings, for the reported period divided 
       by the average number of 
       paying subscribers during the same period. 
 
(11)  Net hardware units shipped represent the number of 
       tracking devices sold during the period, excluding 
       hardware units related to bundled Life360 subscription 
       and hardware offerings, net of returns by our retail 
       partners and directly to consumers. 
 
(12)  Excludes revenue related to bundled Life360 subscription 
       and hardware offerings of $0.4 million and $1.2 million 
       for the three months ended March 31, 2025 and the 
       three months ended March 31, 2024, respectively.. 
 
(13)  To determine the net ASP of a unit, we divide hardware 
       revenue recognized, excluding revenue related to bundled 
       Life360 subscription and hardware offerings, for the 
       reported period by the number of net hardware units 
       shipped during the same period. 
 
   -- Global MAUs increased 26% YoY to approximately 83.7 million, with Q1'25 
      net additions of 4.1 million. U.S. MAUs increased 17% YoY, with Q1'25 net 

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